Bancolombia S.A. : BANCOLOMBIA ANNOUNCES AN INVESTMENT IN UFF MOVIL

Medellín, Colombia, August 30, 2012
By transaction celebrated today, Banagrícola, a Bancolombia Panamanian subsidiary, acquired
70% of UFF! Mobile S.A.S. ("UFF"), a Colombian telecommunications services operator.
The shares were acquired from investment companies linked to the Carlos Julio Ardila´s Family, and a group of investors including Santiago Aldana Sanín, Manager of the Company. Both investment groups will continue as shareholders of the Company, each with 15% of the shares.
The transaction price was COP 21,000,000,000 (Approximately USD 11.481.746), sum paid in full today.
UFF is the first Virtual Mobile Operator in Colombia, with 272,000 active users and a network of
1,100 sales points and about 100,000 top up points in supermarkets, chain stores, distributors and retailers throughout the country.
With this acquisition, Grupo Bancolombia continues with its goal of providing customers with innovative proposals of financial products and services, integrating the knowledge of experts in the mobile phone industry with banking, in order to deliver user-friendly solutions and access to our clients.

Exchange Rate August 29, 2012 COP 1828.99= USD 1

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